Central banks need to clarify FX intervention

"The benefits [of transparency] appear to outweigh risks in enhancing the transparency of the objectives and the actual operations," said Chiu. But: "In terms of intervention tactics, there seems to be strong justification for retaining a degree of constructive ambiguity, especially for floating exchange rate regimes."

Chiu said Japan’s recent history highlighted a number of problems associated with central banks’ intervention. Compared to other countries with a floating exchange rate, Japan

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: